Sep
21
2009
Internet Payday Lender Fined $1 Million By FTC
Posted by: in World of Warcraft, tags: 1 Million, Catherine Cortez Masto, Collection Tactics, Consumers, Cortez, Debt Collection, Excerpt, Federal Trade Commission, Ftc Charges, International Internet, Loan Terms, Nevada Attorney General, Payday Lender, Random, State Of Nevada, United KingdomeRandom Feed wrote an interesting post today on
Here’s a quick excerpt
Nevada Attorney General Catherine Cortez Masto and the Federal Trade Commission (FTC) have announced a settlement has been reached against an international Internet payday lending operation that failed to disclose key loan terms and used illegal debt collection tactics against consumers. The operation will pay $1 million to settle the State of Nevada and FTC charges for its misleading tactics. The defendants operated from the United Kingdome and targeted consumers in the United States, who w
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